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JUNIOR SUBORDINATED DEBENTURES (Tables)

9 Months Ended

Dec. 31, 2016

Junior Subordinated Debentures [Abstract]

Schedule of summary of the terms and amounts outstanding of the debentures

Issuance Trust		Issuance Date				Amount Outstanding			Rate Type		Initial  Rate				Current Rate				Maturity Date
Riverview Bancorp Statutory Trust I			12/2005			$	7,217		Variable (1)			5.88	%			2.32	%			3/2036
Riverview Bancorp Statutory Trust II			06/2007				15,464		Variable (2)			7.03	%			2.31	%			9/2037
						$	22,681
(1) The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.36%
(2) The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.35%

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- Definition

Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total.

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